Minuto WP - Abril 2024
Summary
TLDRRenato, from XP Private, discusses the impact of Brazil's Law 14754 on offshore company investments and tax implications. Despite the law changing the tax treatment of offshore profits, Renato argues that maintaining offshore structures is still beneficial, especially for succession planning. He explains that these structures allow for efficient asset organization and effective succession planning using tools like trusts and corporate structures. Renato also highlights the importance of considering tax implications when investing in the U.S., as U.S. citizens and residents are subject to a 40% inheritance tax. He suggests that using an offshore company for U.S. investments can simplify succession and avoid the complexities of U.S. inheritance tax, as the legal entity does not 'die', and succession issues are resolved in the company's jurisdiction.
Takeaways
- 📜 The Brazilian Law 14754, enacted at the end of the previous year, introduced changes to the taxation of investments in the financial market, both domestically and internationally, particularly affecting offshore companies.
- 💼 Prior to Law 14754, offshore companies' profits were only taxed in Brazil when distributed to their Brazilian resident shareholders, and if not distributed, could remain untaxed.
- 🔄 The new law mandates that profits from offshore companies are taxed annually, regardless of distribution, eliminating the previous tax deferral benefit.
- ❓ Despite the tax changes, the speaker argues that maintaining offshore investment structures still makes sense due to other advantages.
- 🏛 Offshore structures facilitate more efficient estate planning and allow for the use of legal instruments like trusts and corporate structures to manage succession.
- 🇺🇸 When investing in the U.S. market as an individual, one must be cautious of U.S. estate tax, which can be as high as 40%, and the process of transferring assets upon death can be complex and time-consuming.
- 🚫 Direct investment in U.S. assets as a non-U.S. person through a personal account can lead to significant tax implications and account lockups upon death.
- 🔓 Investing through an offshore company avoids the complexities of U.S. estate tax and succession processes, as the corporate entity does not die, and succession is managed in the company's jurisdiction.
- 🤝 The use of offshore companies provides more freedom and a simpler process when operating in the U.S. market, without the need to deal with U.S. tax authorities.
- 🌐 The speaker emphasizes that the benefits of offshore investment structures extend beyond tax advantages, highlighting their role in estate and succession planning.
- ⏭ The speaker concludes by reiterating the continued relevance of offshore investment structures despite changes in tax legislation.
Q & A
What was the main topic of discussion in Renato's conversation?
-The main topic was about the changes brought by Law 14754 in Brazil regarding the taxation of investments, with a focus on offshore companies and investment structures used for international investments.
What significant change did Law 14754 introduce to the taxation of offshore companies?
-Law 14754 introduced that profits made by offshore companies will now be taxed annually in Brazil, regardless of whether they are distributed to their shareholders or not.
Why does Renato believe that maintaining an offshore investment structure still makes sense despite the tax law changes?
-Renato believes it still makes sense because these structures offer other advantages, such as more efficient estate planning and succession planning, which can be particularly useful for distributing assets to heirs.
What is the role of trusts in the context of estate planning with offshore investments?
-Trusts can be used to organize the estate more efficiently and to plan for succession in a more effective way. They offer a range of options from simple to complex structures to facilitate the distribution of assets to heirs.
Why is it important to be cautious about the type of assets held in a personal account in the United States for non-US fiscal residents?
-Non-US fiscal residents holding certain types of assets, such as US real estate or shares of a US corporation, in a personal account may be subject to the US estate tax, which has a maximum rate of 40%.
null
-null
What happens when a non-US resident who has a personal account in the US passes away?
-Upon the death of a non-US resident with a personal account in the US, there is an initial account freeze until the US financial institution, in conjunction with the IRS, verifies if there are any US beneficiaries or assets subject to US estate tax.
What is the 'Transfer on Death' document, and how does it function in the US?
-The 'Transfer on Death' document is a US structure or document that allows the account holder to designate beneficiaries. It avoids the need for a US inventory but does not automatically transfer financial assets or investments to the beneficiaries without going through a process with the IRS.
Why is investing in the US market through an offshore company advantageous?
-Investing through an offshore company avoids the need to deal with US estate tax and succession issues. The corporate entity does not die, and succession matters are resolved in the jurisdiction where the company is incorporated, simplifying the process and providing more operational freedom.
What are the potential limitations when a non-US resident invests in the US market as an individual rather than through a corporate entity?
-Individuals may face limitations such as being subject to the US estate tax, having their accounts frozen upon death until succession matters are resolved, and potentially experiencing delays in the release of investments to heirs.
What is the general consensus on the value of maintaining an offshore investment structure according to Renato?
-Renato's consensus is that it is still valuable to maintain an offshore investment structure due to the non-tax benefits it provides, such as efficient estate and succession planning.
What is the significance of the changes brought by Law 14754 for Brazilian taxpayers with offshore investments?
-The significance is that Brazilian taxpayers with offshore investments will now have their profits taxed annually by the Brazilian government, regardless of whether these profits are distributed, which could impact investment planning and tax strategies.
How does an offshore investment structure facilitate succession planning for Brazilian investors?
-An offshore investment structure facilitates succession planning by allowing investors to organize their assets more efficiently and use legal instruments available in the jurisdictions where the companies are incorporated to expedite the distribution of assets to their heirs.
Outlines
😀 Impact of Law 14754 on Offshore Investment Taxation
Renato, from XP Private's Wol Planning, discusses the implications of Law 14754, which introduced changes to the taxation of investments in the financial market, both in Brazil and abroad. The focus is on offshore companies or controlled entities used for foreign investments. The law has altered the tax treatment of profits from offshore companies, making them subject to annual taxation regardless of distribution. Renato argues that despite the loss of tax deferral benefits, maintaining these structures is still valuable due to their advantageous characteristics, particularly in estate planning. He mentions the use of trusts and corporate structures to efficiently organize and pass on wealth to heirs. Additionally, he touches on the importance of being cautious with investments in the U.S. market, especially regarding the estate tax that can apply to non-American investors.
😀 Maintaining Offshore Investment Structures
Renato concludes the discussion by reiterating the importance of maintaining offshore investment structures, emphasizing that they offer benefits beyond tax advantages. He suggests that these structures provide a means to manage assets more efficiently and to plan for succession effectively. Renato also highlights the benefits of investing in the U.S. market through an offshore company, as it avoids the complexities and potential delays associated with estate tax procedures in the U.S. when an individual passes away. He assures that the ownership by a legal entity simplifies the process, as the legal entity does not 'die,' and succession matters are resolved in the jurisdiction where the company is established.
Mindmap
Keywords
💡Lei 14754
💡Offshore companies
💡Taxation
💡Succession planning
💡Trusts
💡American market
💡Estate tax
💡Transfer on Death
💡
💡Corporate structures
💡Investment vehicles
💡Tax deferral
Highlights
Renato, from XP Private, discusses the impact of Law 14754 on the taxation of investments, both domestic and international.
The law introduced changes to the taxation of offshore companies and investment structures used for foreign investments.
Despite the new tax rules, Renato argues that maintaining offshore investment structures still makes sense due to their unique benefits.
Offshore structures facilitate more efficient estate planning and succession strategies.
Instruments like trusts and corporate structures can expedite the distribution of assets to heirs.
Investing in the American market through a personal account as a non-US taxpayer requires careful consideration of US estate tax.
US estate tax has a maximum rate of 40%, which can significantly impact the value of assets upon the account holder's death.
Direct investment in the US as an individual can lead to account freezes and complex tax procedures upon death.
The 'Transfer on Death' document in the US can streamline the process of beneficiary designation but does not automatically transfer assets.
Investing through an offshore company avoids the complexities of US estate tax and succession procedures.
An offshore company as the account holder simplifies operations in the US market due to the legal entity not being subject to death.
Renato emphasizes the continued relevance of offshore investment structures beyond tax benefits for succession planning and operational freedom.
The conversation suggests that while tax deferral is no longer a benefit, the strategic advantages of offshore entities persist.
The use of offshore companies can provide a more straightforward approach to managing investments and estates.
Renato highlights the importance of understanding the legal and tax implications of different investment structures.
The discussion underscores the need for careful planning when investing in foreign markets, especially the US.
The video concludes with a teaser for another topic to be discussed in the next segment.
Transcripts
[Música]
Olá pessoal tudo bem eu sou o Renato
folino Red de wol planning da XP Private
Vamos conversar hoje aqui sobre um
assunto muito relacionado à aprovação da
Lei 14754 no final do ano passado que
trouxe algumas novidades em relação à
tributação de investimentos no mercado
financeiro tanto no Brasil quanto no
exterior mas quero focar hoje
principalmente eh na questão relacionada
à tributação das empresas offshore ou da
das estruturas de investimento que a
gente usa para fazer investimentos no
exterior as chamadas entidades
controladas aí que foi o termo utilizado
por essa nova lei o que tem sido me
questionado muito ultimamente é se esse
tipo de estrutura continua fazendo
sentido mesmo a gente tendo alteração eh
nas regras de de tributação vamos
lembrar que até o final do ano passado
eh os investimentos eh feitos pelas
empresas do mercado internacional pelas
empresas offshore os rendimentos
produzidos por esses investimentos só
sofri algum tipo de tributação No Brasil
quando fossem distribuídos pros seus
sócios acionistas pessoas físicas
residentes fiscais do Brasil e se isso
não não acontecesse ao longo da vida da
empresa esse rendimento nunca seria
tributado isso foi alterado pela lei
14754 e esse lucro produzido pelas
empresas offshore passará a ser
tributado todo ano né Independente da
sua distribuição E aí que veio o
questionamento Será que mesmo a gente
tendo essa mudança importante ou seja
perdendo o grande benefício do
diferimento fiscal se aí ainda faz
sentido manter essa estrutura como
veículo de investimento no exterior e a
minha resposta é sim eu entendo que sim
que vale a pena manter essa estrutura
porque ela ainda vai guardar algumas
características muito interessantes em
relação principalmente à questão do
planejamento sucessório eh só pra gente
contextualizar quando a gente faz o
investimento no exterior através de uma
empresa offshore a gente consegue
organizar esse patrimônio de uma maneira
muito mais eficiente e a gente consegue
pensar na sucessão de uma maneira muito
eficaz que a gente tem instrumentos nas
jurisdições onde essas empresas são
constituídas Para justamente eh agilizar
a distribuição desse patrimônio pros
nossos herdeiros quando da nossa falta
Então temos instrumentos como trusts
mais simples e mais complexos estruturas
eh como um testamento como estruturas
corporativas onde você tem eventualmente
propriedade conjunta das cotas da
empresa então tem diversas alternativas
para que você possa agilizar e fazer com
que esse património chegue rapidamente
na mão das pessoas que você gostaria que
recebesse esse patrimônio Além disso
quando a gente faz Invest entos no
mercado americano E por que mercado
americano Porque o mercado americano é
sem dúvida nenhuma o principal mercado
financeiro do mundo e a grande maioria
das pessoas T dinheiro investido nos
Estados Unidos então quando você faz
investimento nos Estados Unidos através
da sua pessoa física ou seja a gente
abriu uma conta diretamente nos Estados
Unidos no nosso nome pessoal a gente tem
que tomar um pouco de cuidado em relação
à questão da tributação nos Estados
Unidos ainda que a gente não seja
americano para fins fiscais eh
dependendo do tipo de ativo que eu tenho
na minha conta nos Estados Unidos eu
estarei sujeito ao imposto de herança lá
e esse imposto de herança ele tem uma
alíquota máxima nos Estados Unidos de
40% então a gente precisa tomar um pouco
de Cuidado se a gente trouxer isso pro
nosso pro nosso ambiente de
investimentos ação de empresa americana
é um tipo de de de ativo que não se deve
ter numa conta de pessoa física porque
este tipo de ativo é considerado eh um
bem de raiz americano e portanto sofre a
incidência do imposto de herança quando
a gente falece entre outros tem os itfs
os Fundos multos americanos eh e Outros
tantos então a gente precisa tomar um
pouco de cuidado e a gente fica muito
limitado quando a gente faz esse
investimento através da nossa pessoa
física Além disso quando a pessoa falece
e ela é titular da conta diretamente eh
nos Estados Unidos existe num primeiro
momento o bloqueio dessa conta para que
o a instituição financeira nos Estados
Unidos tem ela tem ela tem um processo
junto ao ias que é a Receita Federal
Americana para que justamente seja
verificado se existe algum beneficiário
americano se existe algum ativo
americano que está sujeito à tributação
do imposto de erança até que ela possa
autorizar a liberação desses
investimentos para eh eh é os herdeiros
tá existe Claro nos Estados Unidos uma
uma estrutura ou um documento chamado
transfer on Death que é onde você indica
quem serão os beneficiários esse
documento ele evita a necessidade de um
inventário nos Estados Unidos mas ele
não transmite automaticamente o
patrimônio financeiro ou os
investimentos que estão naquela conta
pros herdeiros ou para aquelas pessoas
que estão nesse documento esse processo
junto ao ias precisa ser cursado e ele
pode ser rápido ou ele pode demorar
então Eh pode ser que você seja pego no
meio do caminho e a sua conta fique
muito tempo bloqueada até que se libere
esse recurso eh para os seus herdeiros
quando você faz o investimento no
mercado americano através da empresa
offshore você não precisa se preocupar
com esses pontos por quê Porque a
titularidade dessa conta lá vai ser de
uma pessoa jurídica e a pessoa jurídica
ela não morre quem morre são sócios e
toda a questão sucessória vai ser
resolvida na jurisdição aonde essa
empresa está constituída no país aonde
ela está constituída Então você não tem
processo sucessório nos Estados Unidos
então toda essa questão da discussão com
com ias se iní ou se não insídia o
imposto de erança ela acaba então fica
muito mais simples e você tem muito mais
liberdade de operar no mercado de uma
maneira geral era isso então portanto
voltando ao começo da nossa conversa eu
entendo que sim que faz sentido manter
essa estrutura de investimento no
exterior porque ela tem outras vantagens
que não só a vantagem tributária tá bom
obrigado e a gente volta aqui com outro
assunto no próximo minuto Plan
[Música]
浏览更多相关视频
How Do Trusts Get Taxed? Basics of Trust Taxation & Can They Pay No Tax?
Copy My 4-Part Offshore Company Structure
Как уходят от налогов. Объяснение на пальцах
Personal Tax Simplified...
How to become an NRI. And pay 0% tax, legally | Akshat Shrivastava
【超重要】役員報酬優先して法人税を節税する?それとも会社にお金を残す?本当はどっちがいいのか、解説します。
5.0 / 5 (0 votes)